$100,000 · HAMMOND, IN 46323
Works for flippers · Works for landlords

Available

$100,000Asking price

5 bd · 2 ba · 1,968 sq ft · built 1957

HAMMOND, IN 46323

No contract on file

via InvestorLift Classic

8 views · listed 4 days ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $280,000
Asking price: −$100,000
RepairsMiddle of the seller’s $70,000 – $90,000. Ours: $102,500 – $171,000: −$80,000
Loan, holding, closing20% down, 12% interest, 2 points, 92 days: −$15,420
Profit30.2% of ARV · flippers want 10%+: $84,580
Works

Works for a flipper up to $152,000.

WE BUY HOUSES LLC

Mike Voigt

No reviews yet

Comps

Sales

Rents

ARV $280,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $171,000.

The sales behind this value are shown to members.

ARV $280,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

WE BUY HOUSES LLC

Mike Voigt

No reviews yet

Seller Description

PROPERTY OVERVIEW

Type: Single FamilySize: ~1,950 sqftBeds/Baths: 5 Bed / 2 BathYear Built: 1957Neighborhood: Hessville, Hammond (46323)

PROPERTY HIGHLIGHTS

Rare 5-bedroom, 2-bath layout with nearly 2,000 sq ft in Hessville, one of Hammond’s most in-demand neighborhood

s4-bedroom homes nearby closed at $280,000 in 2026, and this one has 5 bedrooms

A same-street comp at 6708 Nevada Ave sold for $268,000Homes in this area sell fast: one comp went 4% over list in just 4 days

Strong rental demand: a 4-bed on the same block rents for $1,850/month, and a 5-bed will command moreAbout half a mile to Harding Elementary and Morton High School, with quick access to Indianapolis Blvd, I-80/94 and Purdue Northwest

REPAIRS NEEDED

Estimated Repair Costs: $70000K – $90000K

ARV – $280,000 based on Comps:

6739 New Hampshire Ave, Hammond, IN 46323 (2 streets over): 4 Bed / 2 Bath, 2,496 SqFt. Sold for $280,000 on 04/24/2026.

7427 Olcott Ave, Hammond, IN 46323: 3 Bed / 2 Bath, 2,200 SqFt. Sold for $279,900 on 05/21/2026, 4% above list in 4 days.

6708 Nevada Ave, Hammond, IN 46323 (same street): 3 Bed / 2 Bath, 1,751 SqFt (built 1966). Sold for $268,000 on 08/22/2025.

POTENTIAL RETURNS

Fix & Flip: 4-bed homes in Hessville are closing at $280K in 2026. With 5 bedrooms, ours has more bedrooms than every comp.Fix & Rent: a 5-bed / 2-bath in Hessville is a top-tier rental, with nearby 4-beds already getting $1,850/month.

Remember, you miss 100% of the shots you don’t take, so don’t hesitate to submit that offer!

Call Mike at Preferred Home Buyer: 219-200-5043